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learningcurve2020

03/05/21 5:30 PM

#359802 RE: thermo #359781

I find it curious you seem to be completely disinterested in Advent to the point of not even caring if it's a Cognate repeat. If Cognate is worth $850 million then what do you imagine Advent is worth with Toucan being the major owner? Are we just supposed to ignore it all?
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JerryCampbell

03/05/21 6:40 PM

#359832 RE: thermo #359781

Guess that depends on your definition of toxic. 10% OID + 8% is getting toward loan shark territory.

However, it is better than "death spiral financing" deals from the likes of Lincoln Park.

There should be more details in the 10-K Subsequent Events.